O. Reg. 213/17: GENERAL

Made: June 28, 2017 Filed: June 29, 2017 Published on e-Laws: June 29, 2017 Printed in The Ontario Gazette: July 15, 2017

Amending Reg. 909 of R.R.O. 1990

(GENERAL)

1. Regulation 909 of the Revised Regulations of Ontario, 1990 is amended by adding the following section before the heading “Valuation”:

16.3 The following circumstances are prescribed for the purposes of subsection 87 (6) of the Act:

1. Since the valuation date of the report most recently filed or submitted in respect of a pension plan under section 3, 4, 13 or 14 of this Regulation,

i. there has been a decline in the number of members of the pension plan,

ii. there has been a decrease in the total amount of contributions or in the amount of contributions in respect of the normal cost made to the plan by the employer or by a person or entity required to make contributions under the plan on behalf of the employer,

iii. there has been a decrease in the going concern assets or solvency assets, or

iv. the employer has sold, assigned or otherwise disposed of all or part of the employer’s business or all or part of the assets of the employer’s business to another person or entity.

Commencement

2. This Regulation comes into force on the day section 75 of the Pension Benefits Amendment Act, 2010 comes into force.